Post by ilmoro on Apr 8, 2015 11:18:18 GMT
I finally got round to querying my interest on PBL6 as discussed here. p2pindependentforum.com/post/43141/thread.
SS have promptly responded & confirmed there was an error & have credited the missing 24 days interest (backdated to Feb 28)
So anyone who took upfront interest on PBL6 might want to double check their interest payments which should comprise (assuming loan parts held continuously with no sale attempts)
15/8 Upfront interest
28/8 Feb interest (possibly missing)
31/3 Mar interest
However, might be slightly more complicated as Liz seems to have received upfront interest for a longer period than me, and therefore was apparently not due a Feb payment, so might depend on whether loan was invested in prior to drawdown (15/8) or not.
SS may have already corrected the error for all lenders but worth checking & also keeping an eye on any loans where upfront interest chosen that go beyond their initial period.
SS say they in the process of updating system to make interest calculations more robust & eliminate anomalies
SS have promptly responded & confirmed there was an error & have credited the missing 24 days interest (backdated to Feb 28)
So anyone who took upfront interest on PBL6 might want to double check their interest payments which should comprise (assuming loan parts held continuously with no sale attempts)
15/8 Upfront interest
28/8 Feb interest (possibly missing)
31/3 Mar interest
However, might be slightly more complicated as Liz seems to have received upfront interest for a longer period than me, and therefore was apparently not due a Feb payment, so might depend on whether loan was invested in prior to drawdown (15/8) or not.
SS may have already corrected the error for all lenders but worth checking & also keeping an eye on any loans where upfront interest chosen that go beyond their initial period.
SS say they in the process of updating system to make interest calculations more robust & eliminate anomalies
